Tuesday, 17 September 2019
Department of Finance
133. To ask the Minister for Finance the costs incurred regarding the special liquidation of IBRC from 2013 to date; the amounts incurred that were as a result of the engagement of external legal and or financial consultancy; and if he will make a statement on the matter. [37608/19]
The total professional fees associated with the Special Liquidation from 7th February 2013 to 31st December 2018 are €258.054 million (gross).
The fees and all other costs associated with the Special Liquidation are outlined in detail in the latest IBRC Progress update report to 31 December 2018(“the Report”) issued by the Special Liquidators on 22 May 2019. This report and all prior reports are published on the Department of Finance website at
Details of the various legal, financial consultancy and other professional firms who were in receipt of fees is contained in the costs and fees section of the Report.
134. To ask the Minister for Finance the overall amount to date issued by way of settlement and or compensation in instances in which IBRC is and or was a defendant in cases regarding allegations of mis-selling of swaps and investments, mismanagement, negligence, breach of contract and breach of duty in view of the fact that the State is party to these cases; and if he will make a statement on the matter. [37609/19]
I am advised by the Special Liquidators that any cases that IBRC has settled concerning the mis-selling of swaps and investments are subject to strict confidentiality agreements between the parties, which prohibit disclosure of any details pertaining to the settlement, and which also includes costs.